Cow hides demand is strong due to the active furniture upholstery business. A number of US hide selections used in this industry increased in price today. At this early point of the week, sellers have reported a quiet tone to the market for other selections, but buyers are actively inquiring about offers. The shipping backup in the APAC region has not improved which is a risk to the timeliness and completion of orders. Tables 3 & 4 illustrate the outstanding sales below, week 10 data indicate a high volume of hides in need of shipment in the near future. 

Outstanding Export Sales  —  Through March 11

Tables 1 and 2 below show the total outstanding cured hide and wet blue export sales by selected countries through March 11. Through Week 10, the total outstanding…